DI RUSSO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DI RUSSO
Largest movements
- Tangible fixed assets +€44,333
up €44,333 (+300%), from €14,756 to €59,089
of which Furniture and vehicles: +€52,115
- Cash -€2,842
down €2,842 (-44.3%), from €6,410 to €3,568
mainly Investment in fixed assets (net) (-€59,701) and Other debts (-€14,454)
- Deferred charges and accrued income +€2,016
up €2,016 (+393%), from €513 to €2,529
- Stocks and contracts +€1,440
new in 2024: €1,440
- Debts after one year +€39,672
new in 2024: €39,672
- Other debts -€14,454
down €14,454 (-54.3%), from €26,598 to €12,144
- Profit (loss) carried forward +€11,398
up €11,398 (+53.4%), from -€21,355 to -€9,957
- Current portion of long-term debt +€5,749
new in 2024: €5,749
- Trade debts +€2,141
up €2,141 (+14.7%), from €14,551 to €16,692
- Gross operating margin +€35,216
up €35,216, from -€2,160 to €33,056
- Depreciation +€7,142
up €7,142 (+84.2%), from €8,485 to €15,628
- Other operating charges +€4,896
up €4,896 (+1,857%), from €264 to €5,160
- Financial charges -€581
down €581 (-39.9%), from €1,455 to €874
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,018 | €74,458 | +€44,440 | +148% |
| Formation expenses | 20 | €333 | €73 | -€260 | -78.2% |
| Fixed assets | 21/28 | €14,756 | €59,089 | +€44,333 | +300% |
| Tangible fixed assets | 22/27 | €14,756 | €59,089 | +€44,333 | +300% |
| Plant, machinery and equipment | 23 | €14,756 | €6,974 | -€7,782 | -52.7% |
| Furniture and vehicles | 24 | - | €52,115 | +€52,115 | |
| Current assets | 29/58 | €14,929 | €15,296 | +€367 | +2.5% |
| Stocks and contracts in progress | 3 | - | €1,440 | +€1,440 | |
| Stocks | 30/36 | - | €1,440 | +€1,440 | |
| Amounts receivable within one year | 40/41 | €8,006 | €7,760 | -€246 | -3.1% |
| Trade receivables | 40 | - | €1,118 | +€1,118 | |
| Other amounts receivable | 41 | €8,006 | €6,642 | -€1,364 | -17.0% |
| Cash at bank and in hand | 54/58 | €6,410 | €3,568 | -€2,842 | -44.3% |
| Deferred charges and accrued income | 490/1 | €513 | €2,529 | +€2,016 | +393% |
| Total equity and liabilities | 10/49 | €30,018 | €74,458 | +€44,440 | +148% |
| Equity | 10/15 | -€11,355 | €43 | +€11,398 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,355 | -€9,957 | +€11,398 | +53.4% |
| Amounts payable | 17/49 | €41,373 | €74,415 | +€33,042 | +79.9% |
| Amounts payable after more than one year | 17 | - | €39,672 | +€39,672 | |
| Financial debts | 170/4 | - | €39,672 | +€39,672 | |
| Amounts payable within one year | 42/48 | €41,373 | €34,743 | -€6,630 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,749 | +€5,749 | |
| Trade debts | 44 | €14,551 | €16,692 | +€2,141 | +14.7% |
| Suppliers | 440/4 | €14,551 | €16,692 | +€2,141 | +14.7% |
| Taxes, remuneration and social security | 45 | €224 | €158 | -€67 | -29.7% |
| Taxes | 450/3 | €224 | €158 | -€67 | -29.7% |
| Other amounts payable | 47/48 | €26,598 | €12,144 | -€14,454 | -54.3% |
| Remuneration, social security and pensions | 62 | €80 | - | -€80 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,485 | €15,628 | +€7,142 | +84.2% |
| Other operating charges | 640/8 | €264 | €5,160 | +€4,896 | +1,857% |
| Gross operating margin | 9900 | -€2,160 | €33,056 | +€35,216 | |
| Operating profit (loss) | 9901 | -€10,989 | €12,269 | +€23,258 | |
| Financial income | 75/76B | €0 | €3 | +€3 | +10,167% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +10,167% |
| Financial charges | 65/66B | €1,455 | €874 | -€581 | -39.9% |
| Recurring financial charges | 65 | €1,455 | €874 | -€581 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,444 | €11,398 | +€23,842 | |
| Profit (loss) for the period | 9904 | -€12,444 | €11,398 | +€23,842 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,444 | €11,398 | +€23,842 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.